Recent years have witnessed the rapid growth of China’s imports and exports of manufactures, as well as critical changes in its terms of trade. This study compares trends in China’s price indices for exports and imports between 1993 and 2000. It also examines the terms of trade for China’s manufactures with respect to (i) different partner countries and country groups, including all developed countries, all developing countries, the European Union, the United States, Japan, the four first-tier East Asian NIEs, the ASEAN Four (Indonesia, Malaysia, the Philippines and Thailand) and other developing countries, and (ii) different product groups, including total exports and imports as well as various categories of manufactured products. The study attempts to explore and assess the factors that shaped the trends, and, based on the resulting conclusions, to make recommendations for developing countries seeking to improve their terms of trade for manufactures.
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Paper provided by United Nations Conference on Trade and Development in its series UNCTAD Discussion Papers with number
161.